The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.
'This Indian team is eager to thrive in the challenging conditions and ready to write a glorious chapter in the rich history of Indian cricket, says India captain Harmanpreet Kaur.
'If companies want to hire foreign workers instead of Americans, my bill will hit them where it hurts: Their pocketbooks.'
Former India captain Sourav Ganguly is set to return unopposed as Cricket Association of Bengal president at its annual general meeting in Kolkata on Monday.
World Championship bronze-medallist shooter Mehuli Ghosh and well-known rifle exponent Manini Kaushi failed to get India's campaign going
A rail blockade by the Kurmi community in Jharkhand has led to the cancellation, diversion, and short-termination of over 100 passenger trains, leaving thousands stranded. The protesters are demanding Scheduled Tribe status and inclusion of the Kurmali language in the Constitution.
'Indian markets may underperform global peers for the next two quarters.' 'But beyond that, India should catch up and resume its long-term growth path.'
Labour markets showed positive momentum in August as the unemployment rate fell for the second consecutive month to a four-month low of 5.1 per cent from 5.2 per cent in July. It was on account of the start of the sowing season.
New business premiums of life insurance companies dropped 5.2 per cent year-on-year (YoY) in August to Rs 30,959 crore, owing to a double-digit decline reported by state-owned Life Insurance Corporation (LIC), data from the Life Insurance Council showed. LIC recorded a 17 per cent YoY fall in new business premiums to Rs 16,023 crore during the month, while private life insurers reported a 12 per cent YoY increase to Rs 14,936 crore.
'Techies who did a master's there and moved to US companies look down on Indian companies who they consider as just doing body shopping.'
The Supreme Court has ruled that a bank's one-time settlement (OTS) scheme cannot be invoked as a matter of right and that borrowers must strictly comply with its mandatory conditions, including upfront payment of a specified portion of dues, to avail themselves of the benefits of the scheme.
Banks are receiving requests for cancellation of approved car loans, in view of the implementation of GST rate cut, which will lower the price of passenger vehicles and also lead to subsequent reduction in the amount needed to purchase them. It is to be noted that the 56th GST Council meeting earlier this month, approved substantial reduction in the GST rate for cars for up to 1,200 cc to 18 per cent from the existing 28 per cent.
German GM Vincent Keymer stayed firmly in command of the Quantbox Chennai Grand Masters 2025 after holding India's GM Vidit Gujrathi to a second straight draw in Round 5 on Monday.
Sourav Ganguly, who previously served as BCCI president from 2019 to 2022, replaced his elder brother Snehasish Ganguly.
'The kids are already used to this place. We go back and that's a different environment.' 'So, mentally, emotionally we are stressed.'
Erigaisi in second place, German GM Keymer leads after three rounds of Chennai chess
Women are increasingly using gig work as a pathway to economic independence which has no entry barrier, especially as an alternative to traditional jobs.
'...you won't have to announce it yourself -- people around you will tell you it's time.'
'New announcements are made every day which brings tremendous amount of instability and uncertainty.' 'Relying on America has become a big problem.'
'It must become faceless, just as the entire direct tax assessment system has already become fully online, without any human intervention in the normal course,' recommends A K Bhattacharya.
'Shafali is in our system, we have our eye on her and the more she plays she will be able to serve India in the future in ODIs.'
Nihal Sarin lit up Round 4 of the Quantbox Chennai Grand Masters 2025 with a hard-fought win over compatriot Arjun Erigaisi
The death of a 24-year-old nurse at a private nursing home in West Bengal's Hooghly district has triggered political unrest and allegations of a cover-up. Opposition parties are demanding a fair investigation into the circumstances surrounding her death, alleging foul play and potential sexual assault.
Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.
India's Arjun Erigaisi delivered a commanding performance against American Awonder Liang, while compatriot Nihal Sarin lost to Germany's Vincent Keymer in the opening round of the Chennai Grandmasters Chess tournament on Thursday.
Public sector banks (PSBs) have seen a sharp drop in household deposits from 70.6 per cent to 63 per cent in contrast with private banks, which witnessed a surge from 27.1 per cent to 34.1 per cent.
Smriti Mandhana smashed the second-fastest ODI century by an Indian woman as the hosts handed Australia their heaviest defeat -- a 102-run thrashing -- in the second ODI.
The government's move to cut GST on medicines and medical devices while exempting lifesaving drugs from the levy is a bold step that will bring direct relief to patients and families while significantly reducing financial strain on them, pharmaceuticals and healthcare industry players said on Thursday.
Global funds' assets under custody (AUC) in India have been flat this year, with a Rs 2 trillion drop in information technology (IT) holdings offset by gains in financial stocks. AUC is the total market value of equities held by FPIs.
Elavenil Valarivan strikes 10m air rifle gold; juniors continue dominance
Ruturaj Gaikwad, Prithvi Shaw included in Maharashtra squad for Buchi Babu tournament
Wholesale price inflation (WPI) stayed in negative territory for the second consecutive month at (-) 0.58 per cent in July, as prices of food articles and fuel saw deflation, even though prices of manufactured items increased, government data showed on Thursday.
Former Union Minister Pusapati Ashok Gajapathi Raju appointed as the Governor of Goa, Kavinder Gupta named as the new Lieutenant Governor of Ladakh, and Ashim Kumar Ghosh will be the new Governor of Haryana.
M Pranesh bagged the Challengers crown despite losing to IM G B Harshavardhan in the final round at the Quantbox Chennai Grand Masters.
Some of the leading life insurance companies have reported a sharp decline in the number of lives covered in FY25, largely due to a slowdown in credit-linked life insurance policies. Stress in the microfinance segment has reduced loan disbursements and, in turn, the flow of new customers to insurers.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
Karthikeyan upsets Vidit Gujrathi, Vincent Keymer edges closer to maiden title at Chennai Grand Masters.
The central government has proposed just two tax rates of 5 per cent and 18 per cent in the revamped Goods and Services Tax (GST), slated to replace the current indirect tax regime by Diwali this year, highly placed sources said.
The Centre has proposed exempting life and health insurance policies for individuals from GST, Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary said on Wednesday. Currently, health and life insurance premium attracts 18 per cent GST.
TMC accepts Kalyan Banerjee's resignation and appoints new leaders, signaling a crackdown on dissent within the party.
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